Summary
Spotify Technology S.A. Misses
Spotify Technology S.A. (SPOT) reported a 1st Quarter March 2023 loss of $1.13 per share on revenue of $3.3 billion. The consensus estimate was a loss of $0.90 per share on revenue of $3.4 billion. The Earnings Whisper number was for a loss of $0.89 per share. Revenue grew 9.3% on a year-over-year basis.
The company said in its earnings presentation it expects second quarter revenue of approximately $3.53 billion. The current consensus revenue estimate is $3.60 billion for the quarter ending June 30, 2023.
Spotify is the world’s most popular audio streaming subscription service with a community of more than 345 million Monthly Active Users and 155 million Premium Subscribers.
Results
Reported Earnings
($1.13)
Earnings Whisper
($0.89)
Consensus Estimate
($0.90)
Reported Revenue
$3.26 Bil
Revenue Estimate
$3.40 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Spotify Technology S.A. Releases Financial Results for First Quarter 2023
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the first quarter of 2023 by posting an update on its Investor website. Please visit investors.spotify.com to view the update.
As previously announced, the company will host a live question and answer session to discuss first quarter 2023 financial results at 8:00 a.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Paul Vogel, our Chief Financial Officer, will be on hand to answer questions submitted through slido.com using the event code #SpotifyEarningsQ123.
What: Spotify First Quarter 2023 Financial Results Q&A Webcast
When: Tuesday, April 25, 2023
Time: 8:00 a.m. Eastern Time
Q1 2023 Update: https://investors.spotify.com/
Webcast: https://app.webinar.net/xO7rQlM0vn5
Slido Event Code: #SpotifyEarningsQ123
A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session.
About Spotify Technology S.A.
Spotify is the world’s most popular audio streaming subscription service with a community of more than 515 million Monthly Active Users and 210 million Premium Subscribers. With a presence in 184 markets, and more than 100 million tracks including 5 million podcast titles, it has transformed the way people access and enjoy music and podcasts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005193/en/
Investor Relations:
Bryan Goldberg
Lauren Katzen
ir@spotify.com
investors.spotify.com
Public Relations:
Dustee Jenkins
press@spotify.com
Source: Spotify Technology S.A.
